The Brazilian Superintendence of Private Insurance (SUSEP) participated in the VI Seminar on Innovations and Tools for Revenue Collection Recovery and Alternative Revenues (VI SIFRA 2025) in Rio de Janeiro, where it discussed how insurance can support municipal climate resilience, including the use of parametric cover for climate events and natural disasters. In the “Municipal Climate Resilience” panel, SUSEP representatives Airton Almeida, César Neves and Paulo Miller covered parametric insurance for climate events and natural disasters that affect urban and rural infrastructure, as well as surety insurance for labour claims and for works of art. Almeida also drew attention to performance bonds with a step-in clause under Brazil’s new procurement law, which allows the insurer to take over the execution of a public works project if the contracted firm defaults, with the stated aim of avoiding stoppages and waste of public resources.

Original source View in tracker